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Quick commerce major Zepto has received SEBI’s approval for its proposed IPO

The Bengaluru-based startup is now expected to file its updated DRHP in the next six to eight weeks

Zepto confidentially filed its DRHP in December 2025 for an IPO worth around ₹11,000 Cr to ₹12,000 Cr (about $1.2 Bn)

Quick commerce major Zepto has received SEBI’s approval for its proposed IPO. The Bengaluru-based startup is now expected to file its updated DRHP in the next six to eight weeks.

According to the latest update on the regulator’s website, it issued an observation letter to the quick commerce startup earlier today. In SEBI’s parlance, issuance of observation letter is a go ahead to proceed with the IPO.

Zepto confidentially filed its DRHP in December 2025 for an IPO worth around ₹11,000 Cr to ₹12,000 Cr (about $1.2 Bn). The proposed public issue is expected to largely comprise a primary capital raise, though the final issue size and pricing are yet to be finalised.

In December last year, the startup received the approval of its shareholders to raise up to ₹11,000 Cr through a fresh issue of shares via its public offering.

Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto is among the leading players in India’s rapidly growing quick commerce market. It competes with Blinkit and Swiggy Instamart, and newer entrants like Amazon Now and Flipkart Minutes.

(This story will be updated soon)